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  • China's Atmanirbhar Problem (Autosaved)

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    Prathamesh Bharti
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    China faces several challenges to achieving self-reliance, including losing the tech war to other countries, an aging population, and increasing reliance on energy imports such as oil. While China's exports have grown substantially in recent years, reaching over $3 trillion in 2020, its imports have increased at an even faster rate, leading to large trade deficits, especially in mineral fuels, ores, oil seeds, and copper. The industries importing the most goods into China are integrated circuit manufacturing, oil and gas drilling, and iron ore mining.

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    China's Atmanirbhar Problem [Autosaved]

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    China faces several challenges to achieving self-reliance, including losing the tech war to other countries, an aging population, and increasing reliance on energy imports such as oil. While China's exports have grown substantially in recent years, reaching over $3 trillion in 2020, its imports have increased at an even faster rate, leading to large trade deficits, especially in mineral fuels, ores, oil seeds, and copper. The industries importing the most goods into China are integrated circuit manufacturing, oil and gas drilling, and iron ore mining.

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    © All Rights Reserved
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    9 views7 pages

    China's Atmanirbhar Problem (Autosaved)

    Uploaded by

    Prathamesh Bharti
    China faces several challenges to achieving self-reliance, including losing the tech war to other countries, an aging population, and increasing reliance on energy imports such as oil. While China's exports have grown substantially in recent years, reaching over $3 trillion in 2020, its imports have increased at an even faster rate, leading to large trade deficits, especially in mineral fuels, ores, oil seeds, and copper. The industries importing the most goods into China are integrated circuit manufacturing, oil and gas drilling, and iron ore mining.

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    of 7

    CHINA'S

    ATMANIRBHAR
    PROBLEM
    PRATHAMESH BHARTI
    ROLL NO-TM2120173
    PROBLEMS FACED FOR SELF
    RELIANCE
     China is slowly losing the tech war

     China’s aging population

     No help from external envoirment

     Increasing energy import intensity, especially for oil


    CHINA’S EXPORT V/S IMPORT
    EXPORT V/S IMPORT(BILLION USD)
    4000

    3500

    3000

    2500

    2000

    1500

    1000

    500

    0
    2010 2012 2014 2016 2018 2020 2022

    EXPORTS IMPORTS
    TOP EXPORTS OF CHINA
     Electrical machinery, equipment: US$804.5 billion (26.6% of total exports)
     Machinery including computers: $492.3 billion (16.3%)
     Furniture, bedding, lighting, signs, prefabricated buildings: $126.3 billion (4.2%)
     Plastics, plastic articles: $118.1 billion (3.9%)
     Vehicles: $108.9 billion (3.6%)
     Toys, games: $94 billion (3.1%)
     Optical, technical, medical apparatus: $88.8 billion (2.9%)
     Articles of iron or steel: $85.4 billion (2.8%)
     Knit or crochet clothing, accessories: $78.2 billion (2.6%)
     Organic chemicals: $73 billion (2.4%)
    TOP IMPORTING INDUSTRIES
    IN CHINA
     Integrated Circuit Manufacturing:$384.7B
     Oil & Gas Drilling :$179.0B
     Iron Ore Mining :$136.9B
     Engineering Services :$65.9B
     Automobile Manufacturing :$64.0B
     Organic Chemical Material Manufacturing :$53.8B
     Computer Peripheral Manufacturing :$48.8B
     Passenger Car Manufacturing :$43.3B
     Legume Growing :$40.2B
     Copper Smelting :$38.0B
    PRODUCTS CAUSING CHINA’S BIGGEST
    TRADE DEFICITS

     Mineral fuels including oil: -US$318.5 billion (Up by 35.3% since 2020)
     Ores, slag, ash: -$250.4 billion (Up by 40.6%)
     Oil seeds: -$51.7 billion (Up by 22.9%)
     Copper: -$49.3 billion (Up by 16.5%)
     Gems, precious metals: -$45 billion (Up by 237.9%)
     Meat: -$28.4 billion (Down by -4%)
     Woodpulp: -$18.7 billion (Up by 11.2%)
     Cereals: -$17.4 billion (Up by 108.2%)
     Perfumes, cosmetics: -$16.4 billion (Up by 7%)
     Animal/vegetable fats, oils, waxes: -$12.3 billion (Up by 25.2%)
    THANK YOU

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